Lenders are now thrashing out the final components of a debt rescue deal for Jon Adgemis’ pub group.
The pubs baron, who owns and operates 22 pubs and hotels across Sydney and Melbourne, announced on Sunday the group had secured a new debt deal across his hospitality business.
The debt deal, tipped at around $400m, rolls up a sprawling debt load spread across the pubs and hotels and will bring down servicing costs for Mr Adgemis’s Public Hospitality Group.
Public Hospitality was…
